We have been going sideways since march, I am leaning bullish here given we haven't broken any significant levels to the downside pointing more to an accumulation period / profit taking, no signs the sellers are gaining over hand Quarter setting up nice hammer to the upside potentially and the yearly can still go 2 to the upside with 3 months left.
CAE broke out from an Ascending Triangle pattern on November 8th. Since then the price pulled back right to a 50% Fibonacci level where it seems to have found support & is attempting another bullish leg. I have used the Fibonacci Extension to project three potential price targets at the 50%, 61.8%, & 100% level.
As it corrected a lot so small rebound may expected but it may touch 11.50 and stop loss is 12.26